STS Tute 3 Notes Final

Lawyers guns money lgm is an unincorporated joint

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Lawyers Guns & Money (LGM) is an unincorporated joint venture operating in Tasmania. LGM plans to build a large pulp mill in the north of the State. The mill, which processes wood chips for use in paper products, will also generate electricity by burning wood that is left over from the milling process. LGM plans to sell the surplus electricity generated by the pulp mill to businesses in the local area, including TasOrganic Pty Ltd, a small company that sells organic food from a shop in a nearby town. The pulp mill will emit carbon dioxide (a greenhouse gas), but these emissions will be counterbalanced by absorption of carbon dioxide as trees grow to replace those harvested for the mill. (By absorbing carbon dioxide, the trees form a sink or reservoir for greenhouse gases.) LGM states that the mill will result in an overall reduction of Tasmania's greenhouse gas emissions. Australia is a party to the United Nations Convention on Greenhouse Gases. The Convention provides:
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